Brunswick to Announce Q4 Earnings on January 29
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18h ago
0mins
Source: seekingalpha
- Earnings Announcement: Brunswick is set to release its Q4 2023 earnings on January 29 before market open, with consensus estimates predicting an EPS of $0.57 and revenue of $1.21 billion, reflecting a 5.2% year-over-year growth, which will provide crucial performance insights for investors.
- Performance Expectations: Over the past two years, Brunswick has beaten EPS estimates 63% of the time and revenue estimates 63% of the time, indicating a consistent performance and profitability in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and four downward revisions, while revenue estimates have experienced three upward and three downward revisions, suggesting a divergence in market sentiment regarding Brunswick's future performance.
- Industry Optimism: With Loop Capital initiating coverage on the boating industry amid optimism, Brunswick's AI-powered innovations showcased at CES further bolster market confidence in its growth potential.
Analyst Views on BC
Wall Street analysts forecast BC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BC is 81.36 USD with a low forecast of 70.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 85.770
Low
70.00
Averages
81.36
High
115.00
Current: 85.770
Low
70.00
Averages
81.36
High
115.00
About BC
Brunswick Corporation designs, manufactures and markets recreational marine products, including marine propulsion products and boats, as well as parts and accessories for the marine and RV markets. Its segments include Propulsion, Engine Parts and Accessories (Engine P&A), Navico Group, and Boat. The Propulsion segment designs, manufactures, and sells engines, controls, rigging, and propellers globally. The Engine P&A segment sells products such as engine parts and consumables, including oils and lubricants, electrical products, boat parts and systems, and also includes its marine parts and accessories distribution businesses. The Navico Group segment designs, develops, manufactures, and markets products and systems for the marine, RV, specialty vehicle, mobile and industrial markets, as well as aftermarket channels. The Boat segment consists of the Brunswick Boat Group (Boat Group), which manufactures and distributes recreational boats, and business acceleration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
